Wednesday, September 17, 2008

AIG "News"? Not to Channel 6

The most stunning business news of yesterday (and of this century) came over the wires around 8:00 PM CST. I posted the item at 8:02 PM.

Fed Buys AIG for $85Bn, takes 80% of equity as collateral, fires CEO.

Never been done before, and nothing like that is ever likely to happen again (we hope...)

So what does Channel 6 do about that?

Nothing at 9:00 PM CST. Zero. Nada. Bupkus.

I guess that wasn't "news."

1 comment:

Anonymous said...

Hey, it's hard to report on something you don't understand.